Roll Call is reporting the Bernanke Senate confirmation might actually be in peril, as in not enough votes.
Ben Bernanke’s nomination to serve a second term as chairman of the Federal Reserve appears to be in peril. Bernanke is up for a second term at the Fed; his current term expires in 10 days on Jan. 31. A handful of Senators had previously threatened to filibuster the nomination, but this week the number of opposing lawmakers appeared to grow, further dimming his prospects for installment.
Wow. Honestly I didn't think this would happen, so for all of those who want to burn Ben, I sure hope you're thinking of a better replacement right now, before we get the likes of a Larry Summers as a new nominee.
Here's some new details on Senators:
- Sen. Bob Casey (D-PA) - undecided
- Sen. Harry Reid (D-NV) - coy
- Sen. Claire McCaskill (D-MO) - undecided
- Sen. Sheldon Whitehouse (D-RI) - leaning no
- Sen. Sherrod Brown (D-OH) - undecided
- Sen. Ted Kaufman (D-DE) - undecded
Here are the confirmation holds:
- Sen. Bernie Sanders (I-VT)
- Sens. Jim Bunning (R-KY)
- Jim DeMint (R-SC)
- David Vitter (R-LA)
The procedure vote of 60 is required to remove the holds and Sen. Bryon Dorgan (D-ND) is on record to say he would block the this procedure vote. Now, the actual 50 votes to confirm is also in peril in addition to the 60 needed to for the cloture vote to remove the holds and end debate.
Currently the vote is delayed, depending on answers of the Fed's role in bail outs.
It seems Democrats are discussing behind closed doors and it's important to note that three of the GOP Senators on the Senate banking committee all put in a confirmation hold.
Will the rest of the GOP Senators follow their lead in either vote?
This is quite shocking for we know a host of Senators love Wall Street and Lobbyists and Ben has been very good to them.
The Wall Street Journal reports Senator Sanders is rounding up more votes to not meet the 60 to remove the holds.
Update: Huffpo is now counting votes:
We found 26 senators in all. Half were undecided; one wouldn't say; three were outright nays; only nine were firmly in the aye column.
Sen. Barbara Mikulski (D-Md.) summed it for many of her colleagues. The decision, she said, "gives me heartburn."
Along with Mikulski, eight other Democratic senators said they are undecided, including Maria Cantwell (Wash.), Ben Cardin (Md.), Patrick Leahy (Vt.), Carl Levin (Mich.), Amy Klobuchar (Minn.), Bill Nelson (Fla.), Bob Casey (Pa.), Barbara Boxer (D-Calif.) and Debbie Stabenow (Mich.).
Sen. Jay Rockefeller (D-W.V.) declined to say which way he would vote or whether he's made up his mind.
Republican Sens. Kit Bond (Mo.), John McCain (Ariz.) and Olympia Snowe (Maine) also said they are undecided.
The nine yes votes: Democrats Tom Carper (Del.), Kent Conrad (N.D.), Daniel Inouye (Hawaii), Paul Kirk (Mass.) and Mark Warner (Va.), plus Republicans Susan Collins (Maine), George Voinovich (Ohio) and Lindsey Graham (S.C.), along with independent Joe Lieberman (I-Conn.) all said they'd vote to confirm Bernanke.
Update 2: Two Senators, Barbara Boxer (D-CA) and Russ Feingold (D-WI) have announced they are a no vote on Bernanke's confirmation.
Update 3: Harry Reid will support Bernanke.
Update 4: Chris Dodd, Judd Gregg are both yes votes. These two are also blocking Fed transparency.
Update 5: John Kerry says he will vote for Bernanke, bringing the yes vote tally to 27 and 15 will vote no. 58 have not declared.
Update 6: GOP minority leader McConnell claims Bernanke will be confirmed. Sen. John Cornyn (R-TX) is a no vote.